Pending sales in the Charlotte region were up nearly 26 percent in October, signifying buyers are not deterred from the Charlotte area’s continued low housing inventory. From September, pending sales under contract increased 2.5 percent. Closed sales also saw a nearly 11 percent from October 2018, with 4,284 home sold, according to the most recent… [Read More]
Seller’s market going strong, inventory still down
Even though low mortgage rates kept potential buyers on the housing hunt in August, inventory in the Charlotte market continued to drop off. Inventory fell 17.5 percent compared to August 2018, with 9,412 homes for sale, leaving the region with just a 2.3 months of supply inventory, according to the most recent data from Canopy… [Read More]
Charlotte’s median sales price up in July
Queen City home sellers maintained the upper hand during July in the Charlotte-area housing market, with year-over-year sales prices on the rise as demand rises and the housing shortage continues. July’s median sales prices rose to $265,000, an increase of 10.4 percent from July 2018, while the average sales prices rose 7.8 percent to $313,281,… [Read More]
Research looks at entry-level home affordability
A recent study looked at 130 real estate markets across the United States and found that 61 percent of Charlotte residents can afford entry-level homes in the market. California-based John Burns Real Estate Consulting’s study defined an entry-level home as one priced 20 percent below the median price for that area. The study’s calculations are… [Read More]
Steady Charlotte Summer Market
Sales continue at a steady pace this month in Charlotte while inventory slowly declines, making the area a competitive market for buyers this summer. With fall around the corner, buyers aren’t slowing down this month and with no new homes on the market, sellers can expect to see sales continue to increase. According to the… [Read More]
Charlotte Real Estate is Booming
Sales continue to climb while inventory dwindles in the Charlotte area. The Charlotte area is booming compared to last year’s sales, with housing going fast and prices rising! With even less inventory available each month, Charlotte real estate is hot and expected to continue rising. According to the Local Market Update for May 2019, closed… [Read More]